A new licensing round for oil and gas exploration in the North Sea will be launched at 6 p.m. on Friday, the UK’s oil and gas regulator said. The plan was initially announced in April as part of the government’s energy security strategy amid high prices and Russia’s invasion of Ukraine. Business and Energy Secretary Jacob…
‘Politics’ Blocking Canadian Energy Supply to Europe and Hindering Global Energy Security, Industry Players Say
Three new leaks in the Nord Stream pipelines have become the latest blow to Europe’s energy crisis, while some industry players say in Canada, politics has gotten in the way of ensuring energy security for allies by blocking Canadian gas from getting to international markets. Officials are currently investigating apparent sabotage, which caused ruptures to the…
Australia Frees Up Offshore Waters for Oil and Gas Exploration
The Australian Labor government has opened bidding on the rights to explore oil and gas on the newly released 47,000 square kilometres (around 18,000 square miles) of offshore waters. Ten offshore areas across the Bonaparte, Browse, Carnarvon, and Gippsland basins off the coasts of the Northern Territory, Western Australia, Victoria, and Ashmore and Cartier Islands…
60% of Canadians Support Increased Oil and Gas Exports: Poll
The majority of Canadians are supportive of increasing oil exports to countries where energy production is less reliable, a recent Leger poll shows. The poll, commissioned by the Modern Miracle Network, shows that roughly 60 percent of Canadians want to increase oil exports, a number that grew by seven percent over the last nine months…
Are Oil and Gas Stocks Worth the Investment?
Oil and gas companies are some of the world’s largest and most prosperous companies. However, precarious market conditions and subsequent volatility have hit the oil and gas industry hard, making many investors question how wise investing in oil is. Knowing how, if, and when to invest in oil requires an educated understanding of the ever-evolving…
Vancouver City Council Votes to Provide up to $660,000 for Legal Fight Against ‘Big Oil’ After Mayor Breaks Tie
Vancouver city council has voted to endorse a proposal to spend up to $660,000 to fund a class action lawsuit against major fossil fuel companies, asking them to pay for climate change-related costs borne by municipalities. In a council meeting on July 20, Mayor Kennedy Stewart voted to break the tie in favour of the…
Why It’s Time to Give Up on Government
May 29, 2022
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It’s almost like falling dominoes. First, the collapse of affordable fuel and food – the necessities of life – followed by a caving of the stock market and crypto currency. This mass destruction of Western values suggests all this is no accident, but a premeditated plan set to converge in the not-so-distant future. In the…
Brent Crude Oil Could Reach $150 per Barrel If Russian Exports Are Sanctioned: Bank of America
There are major concerns over the tightening supply situation in the global crude oil market, as the global oil benchmark Brent crude nears a two-month high. Brent crude could rise past $150 a barrel if there is a sharp cut in Russian oil exports, according to Bank of America’s (BOA) Global Research report on May…
Joe Oliver: Canada and the US Share a Litany of Harmful Policies
Commentary Victor Davis Hanson raised an alarm in a recent column about a litany of unchartered developments besetting the United States that risk becoming unimaginable. Hanson believes the traditional bedrocks of the American system are dissolving, including a stable economy, energy independence, hallowed universities, and a credible criminal justice system. Many of these damaging assaults…
UK North Sea Merger Sparks Regulator’s Fear of Price Hikes
A multi-billion pound deal in the North Sea could increase costs and reduce the quality of service for oil and gas producers, the competition regulator fears. The £2.6 billion merger of Maersk Drilling and Noble could allow the firms to exercise too much control over the market, reduce competition, and spark knock-on effects for households,…
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